Whales with a lot of money to spend have taken a noticeably bearish stance on Danaher.
Looking at options history for Danaher DHR we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 31 are puts, for a total amount of $2,658,849 and 7, calls, for a total amount of $631,236.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $245.0 to $280.0 for Danaher during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Danaher's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Danaher's whale trades within a strike price range from $245.0 to $280.0 in the last 30 days.
Danaher Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | PUT | SWEEP | BEARISH | 07/19/24 | $7.2 | $6.7 | $7.2 | $260.00 | $280.8K | 506 | 1.8K |
| DHR | PUT | SWEEP | BEARISH | 06/21/24 | $3.7 | $3.3 | $3.7 | $262.50 | $273.6K | 576 | 7 |
| DHR | PUT | TRADE | BEARISH | 07/19/24 | $4.1 | $3.8 | $4.0 | $250.00 | $220.0K | 1.0K | 74 |
| DHR | CALL | TRADE | NEUTRAL | 09/20/24 | $7.0 | $6.7 | $6.85 | $270.00 | $205.5K | 378 | 466 |
| DHR | PUT | SWEEP | BEARISH | 06/21/24 | $7.5 | $7.3 | $7.5 | $262.50 | $180.0K | 576 | 1.2K |
About Danaher
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life science and diagnostic industries after the late 2023 divesititure of its environmental and applied solutions group, Veralto.
After a thorough review of the options trading surrounding Danaher, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Danaher Standing Right Now?
- With a trading volume of 2,448,362, the price of DHR is down by -4.31%, reaching $253.2.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 40 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Danaher with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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